Investment Firm Backs Bed Bath & Beyond’s Stock Offering
February 08, 2023
Patrick Collins was quoted in a New York Times article regarding Bed Bath & Beyond’s stock offering which allows them to avoid filing for bankruptcy. He is quoted alongside retail analysts, finance and bankruptcy professionals who all agreed that this gives the company a little more time to right the ship.
From the article:
The stock offering “by itself doesn’t change the business model or any of those tough decisions that they need to make,” said Patrick Collins, a partner who works on bankruptcies and restructurings at the law firm Farrell Fritz.
The deal could give Bed Bath & Beyond only a few more quarters of financial runway, said Seth Basham, a retail analyst at the investment firm Wedbush Capital.
Read the full coverage here: Bed Bath & Beyond’s Stock Offering Is Backed by Hudson Bay Capital – The New York Times (nytimes.com)